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Bitcoin exchange rate analysis and forecast for January 14, 2021

The Bitcoin rate forecast for 01/14/2021 is written with the quotes of the main cryptocurrency 36440. The Bitcoin rate is still in a sideways trend, in a flat. The volatility of the cryptocurrency has been reduced.

The support level for the Bitcoin rate is 34800 - this is the lower border of the Ichimoku cloud. The closest resistance level is 39000. If the BTC / USD quotes fix above this level, the upward trend will continue, and, after updating the maximum of 42000, the cryptocurrency quotes will rush further up. The target of the movement will be the level of 49,000 for one BTC.

Bitcoin exchange rate analysis and forecast for January 14, 2021

In the event that the Bitcoin price cannot gain a foothold above 40,000, we will expect a pullback and reversal of the prevailing trend, with a target of $ 23,000 for February.

Thus, the forecast for the Bitcoin exchange rate for January 14 assumes testing the resistance level, as well as the subsequent short-term growth of the BTC / USD quotes to the area above 40,000.


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